Accordion Post – Default ( Horizontal )

The most franchised company in the world isn’t McDonald’s or Starbucks

Despite the seeming ubiquity of McDonald’s Golden Arches and the Starbucks’ twin-tailed mermaid, sandwich chain Subway actually has the most locations of any restaurant worldwide. In 2017, Subway had 43,912 stores around the world, beating second-place McDonald’s at 37,241 and third-place Starbucks at 27,339 locations.

This number, however, belies the economic reality: while McDonald’s and Starbucks have mostly grown their sales every year for the last five years, Subway sales have been slipping since 2014, and foot traffic is down 7.6 percent over the last 12 months, according to food industry market research firm Technomic. Shortly after this slump began, Subway started closing stores. More than 350 were shuttered in 2016; more than 800 in 2017; and another 500 in 2018.

Industry analysts point to a few reasons for this, but especially a lack of innovation. While McDonald’s and Starbucks continually create new products and store designs to evolve along with changing consumer preferences, Subway lags behind. Last summer, the sandwich shop announced its first major redesign, Fresh Forward, in nearly 20 years.

Recently, CEO Suzanne Greco, younger sister of Subway founder Fred DeLuca, retired. As the company searches for its first non-DeLuca family member CEO since its founding in 1965, many are wondering whether this change can turn the tide for the world’s most prolific restaurant chain. Trevor Haynes, who headed up the chain’s business development, is serving as chief executive on an interim basis.

Despite the seeming ubiquity of McDonald’s Golden Arches and the Starbucks’ twin-tailed mermaid, sandwich chain Subway actually has the most locations of any restaurant worldwide. In 2017, Subway had 43,912 stores around the world, beating second-place McDonald’s at 37,241 and third-place Starbucks at 27,339 locations.

This number, however, belies the economic reality: while McDonald’s and Starbucks have mostly grown their sales every year for the last five years, Subway sales have been slipping since 2014, and foot traffic is down 7.6 percent over the last 12 months, according to food industry market research firm Technomic. Shortly after this slump began, Subway started closing stores. More than 350 were shuttered in 2016; more than 800 in 2017; and another 500 in 2018.

Industry analysts point to a few reasons for this, but especially a lack of innovation. While McDonald’s and Starbucks continually create new products and store designs to evolve along with changing consumer preferences, Subway lags behind. Last summer, the sandwich shop announced its first major redesign, Fresh Forward, in nearly 20 years.

Recently, CEO Suzanne Greco, younger sister of Subway founder Fred DeLuca, retired. As the company searches for its first non-DeLuca family member CEO since its founding in 1965, many are wondering whether this change can turn the tide for the world’s most prolific restaurant chain. Trevor Haynes, who headed up the chain’s business development, is serving as chief executive on an interim basis.

Earlier in the day, Turkish lira dropped to a new all-time low of 7.24 against the U.S. dollar. It later pared some of those losses to trade around 6.99.

“The markets clearly want much more decisive action,” said Roach, former chairman of Morgan Stanley’s operations in Asia.

However, Turkish President Recep Tayyip Erdogan “is not about to do that both in terms of policy as well as rhetoric,” he said on “Power Lunch.”

Roach, now a senior fellow at Yale University, believes what Turkey needs is “a really large and strong monetary tightening.”

Last week, the economic crisis engulfing Turkey deepened after President Donald Trump said he was doubling metal tariffs on the country. His remarks came after Erdogan asked citizens to convert their dollars and other foreign currencies and gold to lira.

After Trump’s comments, the lira briefly plunged 20 percent against the greenback on Friday, finishing the session lower by about 16 percent. On Monday, Turkey’s central bank tried to ease fears by saying it will provide needed liquidity to the country’s banks.

Roach said what’s most worrisome is not the cumulative decline in the currency but the speed of the fall.

“When you see an accelerating downfall like this met with largely incremental actions by the central bank, then you have to worry about where this is going with respect to Turkey,” he said.

European stocks open slightly higher as Turkey crisis weighs on sentiment

Shares in Europe open slightly higher Wednesday as concerns over the Turkish currency crisis continue to affect investors’ appetite. However, trading flows were also sluggish as a number of European bourses are closed due to a public holiday, including Italy, Greece and Austria.

The pan-European Stoxx 600 was up by 0.18 percent with most sectors trading in positive territory.

In Asian trading was mostly lower, failing to follow the positive beat on the Wall Street. Investors remain wary of potential economic spill overs from Turkey, where a spat with the United States and certain economic policies have led to a sharp fall in the value of its currency. The lira was down about 2 percent against the dollar and the euro at about 6.20 a.m. London time.

In other news, China has argued that the solar tariffs introduced by the United States on Beijing earlier this year violate trade rules and has issued a complaint at the World Trade Organization.

Meanwhile, in the corporate world, Royal Bank of Scotland has announced that it will pay $4.9 billion to settle a U.S. investigation into misconduct between 2005 and 2008. Air France-KLM is to appoint Air Canada’s chief operating officer Benjamin Smith as its new boss on Thursday, according to local newspaper Liberation.

On the earnings front, Vestas Wind and Balfour Beatty are due to announce their latest results.

In the U.K., there will be core inflation numbers out at 9.30 a.m. London time.

China could reportedly use its ‘unwritten’ tech rules as an ‘invisible tool’ against US firms

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

Speaking at an event marking his country’s independence from Japanese rule, Moon said such a “community” could eventually herald the launch of a “multilateral security system” in the region, according to the report.

“This community will lead to an energy bloc and economic bloc in Northeast Asia by expanding our economic area to the northern continent and becoming the foundation of co-existence and prosperity in Northeast Asia,” Moon projected, according to Yonhap.

The president’s administration will seek to link railways and roads with the North before year-end, Yonhap said.

The initiative is one of many efforts that Seoul is undertaking to strengthen peace in Northeast Asia following June’s milestone U.S.-North Korea summit. Since then, the reclusive regime has dismantled some missile engine testing facilities, but many question leader Kim Jong Un’s willingness to deliver on the denuclearization promise he made to President Donald Trump.

Moon also called for broad energy and economic cooperation with the North on Wednesday, stressing his goal to politically unify both countries. “True liberation” will only be achieved when the two neighbors establish a lasting peace and economic relations, the head of state was quoted as saying.

Accordion Post – Template 1( Horizontal )

The most franchised company in the world isn’t McDonald’s or Starbucks

Despite the seeming ubiquity of McDonald’s Golden Arches and the Starbucks’ twin-tailed mermaid, sandwich chain Subway actually has the most locations of any restaurant worldwide. In 2017, Subway had 43,912 stores around the world, beating second-place McDonald’s at 37,241 and third-place Starbucks at 27,339 locations.

This number, however, belies the economic reality: while McDonald’s and Starbucks have mostly grown their sales every year for the last five years, Subway sales have been slipping since 2014, and foot traffic is down 7.6 percent over the last 12 months, according to food industry market research firm Technomic. Shortly after this slump began, Subway started closing stores. More than 350 were shuttered in 2016; more than 800 in 2017; and another 500 in 2018.

Industry analysts point to a few reasons for this, but especially a lack of innovation. While McDonald’s and Starbucks continually create new products and store designs to evolve along with changing consumer preferences, Subway lags behind. Last summer, the sandwich shop announced its first major redesign, Fresh Forward, in nearly 20 years.

Recently, CEO Suzanne Greco, younger sister of Subway founder Fred DeLuca, retired. As the company searches for its first non-DeLuca family member CEO since its founding in 1965, many are wondering whether this change can turn the tide for the world’s most prolific restaurant chain. Trevor Haynes, who headed up the chain’s business development, is serving as chief executive on an interim basis.

Despite the seeming ubiquity of McDonald’s Golden Arches and the Starbucks’ twin-tailed mermaid, sandwich chain Subway actually has the most locations of any restaurant worldwide. In 2017, Subway had 43,912 stores around the world, beating second-place McDonald’s at 37,241 and third-place Starbucks at 27,339 locations.

This number, however, belies the economic reality: while McDonald’s and Starbucks have mostly grown their sales every year for the last five years, Subway sales have been slipping since 2014, and foot traffic is down 7.6 percent over the last 12 months, according to food industry market research firm Technomic. Shortly after this slump began, Subway started closing stores. More than 350 were shuttered in 2016; more than 800 in 2017; and another 500 in 2018.

Industry analysts point to a few reasons for this, but especially a lack of innovation. While McDonald’s and Starbucks continually create new products and store designs to evolve along with changing consumer preferences, Subway lags behind. Last summer, the sandwich shop announced its first major redesign, Fresh Forward, in nearly 20 years.

Recently, CEO Suzanne Greco, younger sister of Subway founder Fred DeLuca, retired. As the company searches for its first non-DeLuca family member CEO since its founding in 1965, many are wondering whether this change can turn the tide for the world’s most prolific restaurant chain. Trevor Haynes, who headed up the chain’s business development, is serving as chief executive on an interim basis.

Earlier in the day, Turkish lira dropped to a new all-time low of 7.24 against the U.S. dollar. It later pared some of those losses to trade around 6.99.

“The markets clearly want much more decisive action,” said Roach, former chairman of Morgan Stanley’s operations in Asia.

However, Turkish President Recep Tayyip Erdogan “is not about to do that both in terms of policy as well as rhetoric,” he said on “Power Lunch.”

Roach, now a senior fellow at Yale University, believes what Turkey needs is “a really large and strong monetary tightening.”

Last week, the economic crisis engulfing Turkey deepened after President Donald Trump said he was doubling metal tariffs on the country. His remarks came after Erdogan asked citizens to convert their dollars and other foreign currencies and gold to lira.

After Trump’s comments, the lira briefly plunged 20 percent against the greenback on Friday, finishing the session lower by about 16 percent. On Monday, Turkey’s central bank tried to ease fears by saying it will provide needed liquidity to the country’s banks.

Roach said what’s most worrisome is not the cumulative decline in the currency but the speed of the fall.

“When you see an accelerating downfall like this met with largely incremental actions by the central bank, then you have to worry about where this is going with respect to Turkey,” he said.

European stocks open slightly higher as Turkey crisis weighs on sentiment

Shares in Europe open slightly higher Wednesday as concerns over the Turkish currency crisis continue to affect investors’ appetite. However, trading flows were also sluggish as a number of European bourses are closed due to a public holiday, including Italy, Greece and Austria.

The pan-European Stoxx 600 was up by 0.18 percent with most sectors trading in positive territory.

In Asian trading was mostly lower, failing to follow the positive beat on the Wall Street. Investors remain wary of potential economic spill overs from Turkey, where a spat with the United States and certain economic policies have led to a sharp fall in the value of its currency. The lira was down about 2 percent against the dollar and the euro at about 6.20 a.m. London time.

In other news, China has argued that the solar tariffs introduced by the United States on Beijing earlier this year violate trade rules and has issued a complaint at the World Trade Organization.

Meanwhile, in the corporate world, Royal Bank of Scotland has announced that it will pay $4.9 billion to settle a U.S. investigation into misconduct between 2005 and 2008. Air France-KLM is to appoint Air Canada’s chief operating officer Benjamin Smith as its new boss on Thursday, according to local newspaper Liberation.

On the earnings front, Vestas Wind and Balfour Beatty are due to announce their latest results.

In the U.K., there will be core inflation numbers out at 9.30 a.m. London time.

China could reportedly use its ‘unwritten’ tech rules as an ‘invisible tool’ against US firms

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

Speaking at an event marking his country’s independence from Japanese rule, Moon said such a “community” could eventually herald the launch of a “multilateral security system” in the region, according to the report.

“This community will lead to an energy bloc and economic bloc in Northeast Asia by expanding our economic area to the northern continent and becoming the foundation of co-existence and prosperity in Northeast Asia,” Moon projected, according to Yonhap.

The president’s administration will seek to link railways and roads with the North before year-end, Yonhap said.

The initiative is one of many efforts that Seoul is undertaking to strengthen peace in Northeast Asia following June’s milestone U.S.-North Korea summit. Since then, the reclusive regime has dismantled some missile engine testing facilities, but many question leader Kim Jong Un’s willingness to deliver on the denuclearization promise he made to President Donald Trump.

Moon also called for broad energy and economic cooperation with the North on Wednesday, stressing his goal to politically unify both countries. “True liberation” will only be achieved when the two neighbors establish a lasting peace and economic relations, the head of state was quoted as saying.

Accordion Post – Theme Default( Horizontal )

The most franchised company in the world isn’t McDonald’s or Starbucks

Despite the seeming ubiquity of McDonald’s Golden Arches and the Starbucks’ twin-tailed mermaid, sandwich chain Subway actually has the most locations of any restaurant worldwide. In 2017, Subway had 43,912 stores around the world, beating second-place McDonald’s at 37,241 and third-place Starbucks at 27,339 locations.

This number, however, belies the economic reality: while McDonald’s and Starbucks have mostly grown their sales every year for the last five years, Subway sales have been slipping since 2014, and foot traffic is down 7.6 percent over the last 12 months, according to food industry market research firm Technomic. Shortly after this slump began, Subway started closing stores. More than 350 were shuttered in 2016; more than 800 in 2017; and another 500 in 2018.

Industry analysts point to a few reasons for this, but especially a lack of innovation. While McDonald’s and Starbucks continually create new products and store designs to evolve along with changing consumer preferences, Subway lags behind. Last summer, the sandwich shop announced its first major redesign, Fresh Forward, in nearly 20 years.

Recently, CEO Suzanne Greco, younger sister of Subway founder Fred DeLuca, retired. As the company searches for its first non-DeLuca family member CEO since its founding in 1965, many are wondering whether this change can turn the tide for the world’s most prolific restaurant chain. Trevor Haynes, who headed up the chain’s business development, is serving as chief executive on an interim basis.

Despite the seeming ubiquity of McDonald’s Golden Arches and the Starbucks’ twin-tailed mermaid, sandwich chain Subway actually has the most locations of any restaurant worldwide. In 2017, Subway had 43,912 stores around the world, beating second-place McDonald’s at 37,241 and third-place Starbucks at 27,339 locations.

This number, however, belies the economic reality: while McDonald’s and Starbucks have mostly grown their sales every year for the last five years, Subway sales have been slipping since 2014, and foot traffic is down 7.6 percent over the last 12 months, according to food industry market research firm Technomic. Shortly after this slump began, Subway started closing stores. More than 350 were shuttered in 2016; more than 800 in 2017; and another 500 in 2018.

Industry analysts point to a few reasons for this, but especially a lack of innovation. While McDonald’s and Starbucks continually create new products and store designs to evolve along with changing consumer preferences, Subway lags behind. Last summer, the sandwich shop announced its first major redesign, Fresh Forward, in nearly 20 years.

Recently, CEO Suzanne Greco, younger sister of Subway founder Fred DeLuca, retired. As the company searches for its first non-DeLuca family member CEO since its founding in 1965, many are wondering whether this change can turn the tide for the world’s most prolific restaurant chain. Trevor Haynes, who headed up the chain’s business development, is serving as chief executive on an interim basis.

Earlier in the day, Turkish lira dropped to a new all-time low of 7.24 against the U.S. dollar. It later pared some of those losses to trade around 6.99.

“The markets clearly want much more decisive action,” said Roach, former chairman of Morgan Stanley’s operations in Asia.

However, Turkish President Recep Tayyip Erdogan “is not about to do that both in terms of policy as well as rhetoric,” he said on “Power Lunch.”

Roach, now a senior fellow at Yale University, believes what Turkey needs is “a really large and strong monetary tightening.”

Last week, the economic crisis engulfing Turkey deepened after President Donald Trump said he was doubling metal tariffs on the country. His remarks came after Erdogan asked citizens to convert their dollars and other foreign currencies and gold to lira.

After Trump’s comments, the lira briefly plunged 20 percent against the greenback on Friday, finishing the session lower by about 16 percent. On Monday, Turkey’s central bank tried to ease fears by saying it will provide needed liquidity to the country’s banks.

Roach said what’s most worrisome is not the cumulative decline in the currency but the speed of the fall.

“When you see an accelerating downfall like this met with largely incremental actions by the central bank, then you have to worry about where this is going with respect to Turkey,” he said.

European stocks open slightly higher as Turkey crisis weighs on sentiment

Shares in Europe open slightly higher Wednesday as concerns over the Turkish currency crisis continue to affect investors’ appetite. However, trading flows were also sluggish as a number of European bourses are closed due to a public holiday, including Italy, Greece and Austria.

The pan-European Stoxx 600 was up by 0.18 percent with most sectors trading in positive territory.

In Asian trading was mostly lower, failing to follow the positive beat on the Wall Street. Investors remain wary of potential economic spill overs from Turkey, where a spat with the United States and certain economic policies have led to a sharp fall in the value of its currency. The lira was down about 2 percent against the dollar and the euro at about 6.20 a.m. London time.

In other news, China has argued that the solar tariffs introduced by the United States on Beijing earlier this year violate trade rules and has issued a complaint at the World Trade Organization.

Meanwhile, in the corporate world, Royal Bank of Scotland has announced that it will pay $4.9 billion to settle a U.S. investigation into misconduct between 2005 and 2008. Air France-KLM is to appoint Air Canada’s chief operating officer Benjamin Smith as its new boss on Thursday, according to local newspaper Liberation.

On the earnings front, Vestas Wind and Balfour Beatty are due to announce their latest results.

In the U.K., there will be core inflation numbers out at 9.30 a.m. London time.

China could reportedly use its ‘unwritten’ tech rules as an ‘invisible tool’ against US firms

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert.
Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners.
If Asia’s largest economy were to weaponize the listing of standardized practices to hit American companies, the cost would be difficult to quantify, but the move’s effects on foreign firms could outlive current tensions, according a report from a Washington-based think tank.

Speaking at an event marking his country’s independence from Japanese rule, Moon said such a “community” could eventually herald the launch of a “multilateral security system” in the region, according to the report.

“This community will lead to an energy bloc and economic bloc in Northeast Asia by expanding our economic area to the northern continent and becoming the foundation of co-existence and prosperity in Northeast Asia,” Moon projected, according to Yonhap.

The president’s administration will seek to link railways and roads with the North before year-end, Yonhap said.

The initiative is one of many efforts that Seoul is undertaking to strengthen peace in Northeast Asia following June’s milestone U.S.-North Korea summit. Since then, the reclusive regime has dismantled some missile engine testing facilities, but many question leader Kim Jong Un’s willingness to deliver on the denuclearization promise he made to President Donald Trump.

Moon also called for broad energy and economic cooperation with the North on Wednesday, stressing his goal to politically unify both countries. “True liberation” will only be achieved when the two neighbors establish a lasting peace and economic relations, the head of state was quoted as saying.

Tab Post – Default (horizontal)

If you have yet to try the developing Budgie desktop, the latest release of Ubuntu Budgie is a perfect opportunity to experience a classy and user-friendly computing platform. Budgie is one of the first home-grown Linux distros to release its latest version based on Ubuntu 18.04. The independent developer announced Ubuntu Budgie 18.04 last week, […]

Microsoft on Wednesday announced new artificial intelligence features and functionality for several of its flagship products and services, including Office 365, Cortana and Bing, at an event in San Francisco. Harry Shum, EVP of Microsoft Artificial Intelligence and Research, demonstrated some of the new capabilities Building on the progress the company has made in integrating […]

A lot of people might have thought Oracle’s announcement of the autonomous database at last year’s OpenWorld and its subsequent release earlier this year were the whole story, but there’s a lot more, and Tuesday’s webcast featuring Larry Ellison was proof. Ellison must find his CTO role — since he handed the CEO reins to […]

Alexa Raad is chief operating officer of Farsight Security, based in San Mateo, California. Farsight Security is a provider of real-time actionable Internet threat intelligence solutions. In this exclusive interview, Raad discusses methods of curbing cybercrime by tracking bad actors through the trails they leave in the domain name system. She also offers some encouraging […]

A group of Tinder founders and executives has filed a lawsuit against parent company Match Group and its controlling shareholder IAC. The plaintiffs in the suit include Tinder co-founders Sean Rad, Justin Mateen and Jonathan Badeen — Badeen still works at Tinder, as do plaintiffs James Kim (the company’s vice president of finance) and Rosette […]

Tab Post – Template 1(horizontal)

If you have yet to try the developing Budgie desktop, the latest release of Ubuntu Budgie is a perfect opportunity to experience a classy and user-friendly computing platform. Budgie is one of the first home-grown Linux distros to release its latest version based on Ubuntu 18.04. The independent developer announced Ubuntu Budgie 18.04 last week, […]

Microsoft on Wednesday announced new artificial intelligence features and functionality for several of its flagship products and services, including Office 365, Cortana and Bing, at an event in San Francisco. Harry Shum, EVP of Microsoft Artificial Intelligence and Research, demonstrated some of the new capabilities Building on the progress the company has made in integrating […]

A lot of people might have thought Oracle’s announcement of the autonomous database at last year’s OpenWorld and its subsequent release earlier this year were the whole story, but there’s a lot more, and Tuesday’s webcast featuring Larry Ellison was proof. Ellison must find his CTO role — since he handed the CEO reins to […]

Alexa Raad is chief operating officer of Farsight Security, based in San Mateo, California. Farsight Security is a provider of real-time actionable Internet threat intelligence solutions. In this exclusive interview, Raad discusses methods of curbing cybercrime by tracking bad actors through the trails they leave in the domain name system. She also offers some encouraging […]

A group of Tinder founders and executives has filed a lawsuit against parent company Match Group and its controlling shareholder IAC. The plaintiffs in the suit include Tinder co-founders Sean Rad, Justin Mateen and Jonathan Badeen — Badeen still works at Tinder, as do plaintiffs James Kim (the company’s vice president of finance) and Rosette […]

Tab Post – Theme Default (horizontal)

If you have yet to try the developing Budgie desktop, the latest release of Ubuntu Budgie is a perfect opportunity to experience a classy and user-friendly computing platform. Budgie is one of the first home-grown Linux distros to release its latest version based on Ubuntu 18.04. The independent developer announced Ubuntu Budgie 18.04 last week, […]

Microsoft on Wednesday announced new artificial intelligence features and functionality for several of its flagship products and services, including Office 365, Cortana and Bing, at an event in San Francisco. Harry Shum, EVP of Microsoft Artificial Intelligence and Research, demonstrated some of the new capabilities Building on the progress the company has made in integrating […]

A lot of people might have thought Oracle’s announcement of the autonomous database at last year’s OpenWorld and its subsequent release earlier this year were the whole story, but there’s a lot more, and Tuesday’s webcast featuring Larry Ellison was proof. Ellison must find his CTO role — since he handed the CEO reins to […]

Alexa Raad is chief operating officer of Farsight Security, based in San Mateo, California. Farsight Security is a provider of real-time actionable Internet threat intelligence solutions. In this exclusive interview, Raad discusses methods of curbing cybercrime by tracking bad actors through the trails they leave in the domain name system. She also offers some encouraging […]

A group of Tinder founders and executives has filed a lawsuit against parent company Match Group and its controlling shareholder IAC. The plaintiffs in the suit include Tinder co-founders Sean Rad, Justin Mateen and Jonathan Badeen — Badeen still works at Tinder, as do plaintiffs James Kim (the company’s vice president of finance) and Rosette […]

Accordion Post – Default (Vertical )

The most franchised company in the world isn’t McDonald’s or Starbucks

Despite the seeming ubiquity of McDonald’s Golden Arches and the Starbucks’ twin-tailed mermaid, sandwich chain Subway actually has the most locations of any restaurant worldwide. In 2017, Subway had 43,912 stores around the world, beating second-place McDonald’s at 37,241 and third-place Starbucks at 27,339 locations. This number, however, belies the economic reality: while McDonald’s and […]

Turkey’s central bank needs to raise interest rates to contain the country’s financial crisis, veteran economist Stephen Roach told CNBC on Monday. Earlier in the day, Turkish lira dropped to a new all-time low of 7.24 against the U.S. dollar. It later pared some of those losses to trade around 6.99. “The markets clearly want much more decisive action,” […]

European stocks open slightly higher as Turkey crisis weighs on sentiment

Shares in Europe open slightly higher Wednesday as concerns over the Turkish currency crisis continue to affect investors’ appetite. However, trading flows were also sluggish as a number of European bourses are closed due to a public holiday, including Italy, Greece and Austria. The pan-European Stoxx 600 was up by 0.18 percent with most sectors […]

China could reportedly use its ‘unwritten’ tech rules as an ‘invisible tool’ against US firms

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert. Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners. If Asia’s largest economy were to weaponize the listing […]

Speaking at an event marking his country’s independence from Japanese rule, Moon said such a “community” could eventually herald the launch of a “multilateral security system” in the region, according to the report. “This community will lead to an energy bloc and economic bloc in Northeast Asia by expanding our economic area to the northern […]

Accordion Post – Template 1 (Vertical)

The most franchised company in the world isn’t McDonald’s or Starbucks

Despite the seeming ubiquity of McDonald’s Golden Arches and the Starbucks’ twin-tailed mermaid, sandwich chain Subway actually has the most locations of any restaurant worldwide. In 2017, Subway had 43,912 stores around the world, beating second-place McDonald’s at 37,241 and third-place Starbucks at 27,339 locations. This number, however, belies the economic reality: while McDonald’s and […]

Turkey’s central bank needs to raise interest rates to contain the country’s financial crisis, veteran economist Stephen Roach told CNBC on Monday. Earlier in the day, Turkish lira dropped to a new all-time low of 7.24 against the U.S. dollar. It later pared some of those losses to trade around 6.99. “The markets clearly want much more decisive action,” […]

European stocks open slightly higher as Turkey crisis weighs on sentiment

Shares in Europe open slightly higher Wednesday as concerns over the Turkish currency crisis continue to affect investors’ appetite. However, trading flows were also sluggish as a number of European bourses are closed due to a public holiday, including Italy, Greece and Austria. The pan-European Stoxx 600 was up by 0.18 percent with most sectors […]

China could reportedly use its ‘unwritten’ tech rules as an ‘invisible tool’ against US firms

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert. Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners. If Asia’s largest economy were to weaponize the listing […]

Speaking at an event marking his country’s independence from Japanese rule, Moon said such a “community” could eventually herald the launch of a “multilateral security system” in the region, according to the report. “This community will lead to an energy bloc and economic bloc in Northeast Asia by expanding our economic area to the northern […]

Accordion Post – Default ( Vertical )

The most franchised company in the world isn’t McDonald’s or Starbucks

Despite the seeming ubiquity of McDonald’s Golden Arches and the Starbucks’ twin-tailed mermaid, sandwich chain Subway actually has the most locations of any restaurant worldwide. In 2017, Subway had 43,912 stores around the world, beating second-place McDonald’s at 37,241 and third-place Starbucks at 27,339 locations. This number, however, belies the economic reality: while McDonald’s and […]

Turkey’s central bank needs to raise interest rates to contain the country’s financial crisis, veteran economist Stephen Roach told CNBC on Monday. Earlier in the day, Turkish lira dropped to a new all-time low of 7.24 against the U.S. dollar. It later pared some of those losses to trade around 6.99. “The markets clearly want much more decisive action,” […]

European stocks open slightly higher as Turkey crisis weighs on sentiment

Shares in Europe open slightly higher Wednesday as concerns over the Turkish currency crisis continue to affect investors’ appetite. However, trading flows were also sluggish as a number of European bourses are closed due to a public holiday, including Italy, Greece and Austria. The pan-European Stoxx 600 was up by 0.18 percent with most sectors […]

China could reportedly use its ‘unwritten’ tech rules as an ‘invisible tool’ against US firms

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert. Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners. If Asia’s largest economy were to weaponize the listing […]

Speaking at an event marking his country’s independence from Japanese rule, Moon said such a “community” could eventually herald the launch of a “multilateral security system” in the region, according to the report. “This community will lead to an energy bloc and economic bloc in Northeast Asia by expanding our economic area to the northern […]

Accordion Post – Theme Default (vertical)

The most franchised company in the world isn’t McDonald’s or Starbucks

Despite the seeming ubiquity of McDonald’s Golden Arches and the Starbucks’ twin-tailed mermaid, sandwich chain Subway actually has the most locations of any restaurant worldwide. In 2017, Subway had 43,912 stores around the world, beating second-place McDonald’s at 37,241 and third-place Starbucks at 27,339 locations. This number, however, belies the economic reality: while McDonald’s and […]

Turkey’s central bank needs to raise interest rates to contain the country’s financial crisis, veteran economist Stephen Roach told CNBC on Monday. Earlier in the day, Turkish lira dropped to a new all-time low of 7.24 against the U.S. dollar. It later pared some of those losses to trade around 6.99. “The markets clearly want much more decisive action,” […]

European stocks open slightly higher as Turkey crisis weighs on sentiment

Shares in Europe open slightly higher Wednesday as concerns over the Turkish currency crisis continue to affect investors’ appetite. However, trading flows were also sluggish as a number of European bourses are closed due to a public holiday, including Italy, Greece and Austria. The pan-European Stoxx 600 was up by 0.18 percent with most sectors […]

China could reportedly use its ‘unwritten’ tech rules as an ‘invisible tool’ against US firms

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” for retaliating against Washington’s tariffs, according to one expert. Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners. If Asia’s largest economy were to weaponize the listing […]

Speaking at an event marking his country’s independence from Japanese rule, Moon said such a “community” could eventually herald the launch of a “multilateral security system” in the region, according to the report. “This community will lead to an energy bloc and economic bloc in Northeast Asia by expanding our economic area to the northern […]

Tab Post – Default ( Vertical )

If you have yet to try the developing Budgie desktop, the latest release of Ubuntu Budgie is a perfect opportunity to experience a classy and user-friendly computing platform. Budgie is one of the first home-grown Linux distros to release its latest version based on Ubuntu 18.04. The independent developer announced Ubuntu Budgie 18.04 last week, […]

Microsoft on Wednesday announced new artificial intelligence features and functionality for several of its flagship products and services, including Office 365, Cortana and Bing, at an event in San Francisco. Harry Shum, EVP of Microsoft Artificial Intelligence and Research, demonstrated some of the new capabilities Building on the progress the company has made in integrating […]

A lot of people might have thought Oracle’s announcement of the autonomous database at last year’s OpenWorld and its subsequent release earlier this year were the whole story, but there’s a lot more, and Tuesday’s webcast featuring Larry Ellison was proof. Ellison must find his CTO role — since he handed the CEO reins to […]

Tab Post – Template 1( Vertical )

If you have yet to try the developing Budgie desktop, the latest release of Ubuntu Budgie is a perfect opportunity to experience a classy and user-friendly computing platform. Budgie is one of the first home-grown Linux distros to release its latest version based on Ubuntu 18.04. The independent developer announced Ubuntu Budgie 18.04 last week, […]

Microsoft on Wednesday announced new artificial intelligence features and functionality for several of its flagship products and services, including Office 365, Cortana and Bing, at an event in San Francisco. Harry Shum, EVP of Microsoft Artificial Intelligence and Research, demonstrated some of the new capabilities Building on the progress the company has made in integrating […]

A lot of people might have thought Oracle’s announcement of the autonomous database at last year’s OpenWorld and its subsequent release earlier this year were the whole story, but there’s a lot more, and Tuesday’s webcast featuring Larry Ellison was proof. Ellison must find his CTO role — since he handed the CEO reins to […]

Tab Post -Theme Default ( Vertical )

If you have yet to try the developing Budgie desktop, the latest release of Ubuntu Budgie is a perfect opportunity to experience a classy and user-friendly computing platform. Budgie is one of the first home-grown Linux distros to release its latest version based on Ubuntu 18.04. The independent developer announced Ubuntu Budgie 18.04 last week, […]

Microsoft on Wednesday announced new artificial intelligence features and functionality for several of its flagship products and services, including Office 365, Cortana and Bing, at an event in San Francisco. Harry Shum, EVP of Microsoft Artificial Intelligence and Research, demonstrated some of the new capabilities Building on the progress the company has made in integrating […]

A lot of people might have thought Oracle’s announcement of the autonomous database at last year’s OpenWorld and its subsequent release earlier this year were the whole story, but there’s a lot more, and Tuesday’s webcast featuring Larry Ellison was proof. Ellison must find his CTO role — since he handed the CEO reins to […]